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DALLAS-Hillwood's newest division, Teraspace Networks, will build "from the ground up" bricks for Internet clicks, with the first data center already under way at Alliance Gateway. More are planned for Dallas, then come Austin, Phoenix, Houston and Denver.
MIAMI-The six-story, 240,586-sf office asset, being built at an estimated hard construction cost of $36 million in west Dade County, is expected to ready for occupancy Feb. 1. No preleasing activity has been announced for the spec building.
GARLAND, TX-Discount retailer Tuesday Morning has signed for 10,000-sf of vacant space at Garland's Broadway Village. The store will open in February, marking the 28th location for the home decor chain.
VANCOUVER, WA-The five-story Lewis and Clark Plaza is proposed for East Seventh Street and Broadway, along the transit mall. The Prestige Development project will include low-income apartments, above ground-floor commercial space and statues of its namesake explorers.
LONG BRANCH, NJ-After years of attempts to fix this long-downtrodden oceanfront community, public money will apparently jumpstart the effort with an expansive mixed-use project.
HOUSTON-A growing customer base sparks a San Antonio tire wholesaler to set up shop in Houston. The first tire shipment arrives tomorrow in anticipation of distributing 30,000 tires per year from the site.
CHARLOTTE-NBA Hornets' co-owner Ray Wooldridge maintains the team is losing $12 million a year playing in the small Coliseum, but council members are split on approving $220 million for a new court.
DENVER-This year's hardy growth in the city's commercial real estate market will only get better next year or at least stay the course, say executives from Cushman & Wakefield's Denver office.
DALLAS-Duke-Weeks' senior VP believes Dallas is the "jewel" of the nation's industrial market. So much so, that the Indianapolis-based developer is adding a fifth building to the Freeport North Industrial Park. And, there's more to come.
AUSTIN-Hill Partners of Austin will break ground soon on a 500-acre, 810,000-sf project that is taking a Frank Lloyd Wright approach to development. Native Texas stone, reflective glass and natural rock formations team with the natural surroundings.